Social Business and Muhammad Yunus

Nobel peace prize laureate professor Dr. Muhammad Yunus is the founder of microcredit and social business. His groundbreaking work in introducing collateral free loans for the poor in Bangladesh was formalized into a specialized bank for poor in 1983 called Grameen Bank (Rural Bank) fueled by the belief the credit is a fundamental human right. his objective was to help poor people escape from poverty by providing loans on terms suitable to them and by teaching them a few sound financial principles so they could help themselves.

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